The International Finance Corporation (IFC) has announced a $430 million financing package to support Maroc Telecom in expanding 4G mobile infrastructure across Chad and Mali, reinforcing the operator’s regional presence.
The package consists of two loans totaling USD 430 million (EUR 370 million) aimed at enhancing mobile connectivity and improving mobile internet quality in both countries. This investment aligns with IFC’s strategy to mobilize private capital to boost digital infrastructure, fostering innovation, skills development, and job creation in Africa.
Makhtar Diop, IFC Managing Director, emphasized the importance of expanding digital access to support economic growth and social progress. Maroc Telecom CEO Mohamed Benchaaboun noted that mobile data and 4G technology are critical to narrowing the digital divide and improving network coverage and service quality in Chad and Mali.
IFC, part of the World Bank Group, has over 60 years of experience investing in private sector initiatives that drive sustainable development globally. Maroc Telecom, founded in 1998 and based in Rabat, Morocco, is majority-owned by UAE-based e& (53%), with the Moroccan government holding 22%, and the remaining shares publicly traded.
